In a bold step towards redefining the future of financial technology, Ukheshe has announced its official rebranding to EFT Corporation. The acquisitionThe rebranding of Ukheshe to EFT Corporation follows Ukheshe’s acquisition of EFT Corporation in January 2024, marking the first major milestone in both companies’ shared vision of transforming financial services across the continent. Ukheshe also enabled Telkom Pay’s digital payments wallet and developed Telkom mPOS, a mobile POS solution for small businesses. In 2020, Ukheshe strategically acquired Oltio, the developer behind Masterpass, to democratize digital payments for micro-merchants, rebranding to Scan to Pay in 2023. Expanding into Africa, Ukheshe offers an innovative BaaS platform in East Africa through its partnership with Diamond Trust Bank (DTB), empowering users to send money across Africa via MTN’s cross-border money transfer solution.

Source: The North Africa Journal June 18, 2024 09:03 UTC